EPF Calculator
Calculate Employee Provident Fund corpus at retirement
EPF Corpus at Retirement
₹3,91,27,039
- Total Contributed
- ₹1,10,34,381
- Interest Earned
- ₹2,80,92,658
Excludes the EPS share, which buys a pension under a separate formula.
Where the money goes
- Your contribution
- ₹57,64,592
- Employer’s share reaching EPF
- ₹52,69,790
- Diverted to EPS
- ₹4,94,802
- Interest earned
- ₹2,80,92,658
- Years to retirement
- 33
- EPF corpus
- ₹3,91,27,039
The 8.33% that does not reach your EPF
Of the employer’s contribution, 8.33% goes to the Employees’ Pension Scheme — and it is computed on wages capped at ₹15,000, not on your actual basic. On ₹50,000 that is ₹1,250 a month, ₹4,94,802 over your career.
It is not lost — it buys a pension — but it is not in the corpus above, and a calculator that counts the full employer 12% as EPF overstates the total by roughly a third.
Composition
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How this is calculated
Formula
employer EPF share = employer% × basic − 8.33% × min(basic, ₹15,000)
- basic
- = monthly basic pay + DA
- 8.33%
- = the share of the employer contribution diverted to EPS
- ₹15,000
- = the statutory wage ceiling the EPS share is computed on
With your numbers
- 1Your contributionemployee% × basic12.0% × ₹50,000 = ₹6,000 a month
- 2Employer’s total contributionemployer% × basic12.0% × ₹50,000 = ₹6,000 a month
- 3Less the EPS diversion8.33% × min(basic, ₹15,000)8.33% × ₹15,000 = ₹1,250 a month, which goes to the pension scheme
- 4Credit interest and repeat8.25% a year on the running balance, with basic rising 5.0% annuallyover 33 years → ₹3,91,27,039, of which ₹2,80,92,658 is interest
- The wage ceiling is the subtle part: the EPS share is 8.33% of ₹15,000, not 8.33% of your salary. Above a ₹15,000 basic, the EPS amount stops growing while your EPF keeps rising.
- Interest is credited annually on the running balance by EPFO, which is what this models. Monthly accrual within the year is not projected separately.
- The EPF corpus is tax-free on withdrawal after five years of continuous service. Withdraw earlier and both the contributions claimed under 80C and the interest become taxable.
What is EPF?
A statutory retirement fund for salaried employees, run by EPFO. You and your employer each contribute 12% of basic pay every month.
For most salaried Indians it is the largest single retirement asset they will hold — and the one they think about least.
Key points
- • 12% employee + 12% employer of basic + DA
- • 8.33% of the employer’s share goes to EPS, capped at ₹15,000 of wages
- • Interest declared annually by EPFO
- • Tax-free on withdrawal after five years of continuous service
- • Transferable between employers via the UAN
Frequently Asked Questions
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